Abu Dhabi consumer prices up more than 2 percent this year
But analysts say the rise in first four months of 2010 is in line with expectations and reveals easing inflation
May 19, 2010 10:06 by Rasha Reslan
The Consumer Price Index (CPI) from the Statistics Centre Abu Dhabi (SCAD) revealed easing inflation for the first four months of the year on a strengthening dollar, Zawya.com reports.
SCAD’s April report indicated steady food prices in the face of deflationary pressures amidst the backdrop of a flagging global economy. A lack of wage increases and credit growth were cited as exerting downward pressure on inflation. The report predicted rising oil prices in this year would keep inflation in the low single digits, Zawya.com says.
More on GCC
-
Bahrain’s Batelco CEO leaves with immediate effect
-
Arabtec Says Workers End Strike
-
First report by Etisalat covering global footprint
-
Kuwaiti Oil Service Workers On Strike Over Pay – Union
-
Qatar’s Doha Bank May Sell Bonds To Raise Capital – CEO
-
Qatar to announce new energy infrastructure fund
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
